Simone Biles Net Worth: How Did the G.O.A.T. of Gymnastics Become Rich?

Even if you’re not a huge fan of gymnastics, there’s a good chance that you’ve heard of Olympic gymnast Simone Biles, who many people consider to be the best athlete to ever compete. Find out how rich is Simone Biles in 2022. In this article, you will come to know about the Simone Biles net worth, whom she is married to, and how many children she has. So, let’s get started.

Name Simone Arianne Biles
Birth March 14, 1997, in Columbus, Ohio
Profession Artistic Gymnast
Nationality American
Relationship with Jonathan Owens
Age 25 years (as of 2022)

Early Life of Simone Biles

Simone Arianne Biles was born in Ohio in 1997. Simone and her siblings were often in foster care as children. Biles’ grandma began helping with her development in the Houston suburbs in 2000.

Simone’s mother is Belizean; therefore, she grew up with deep ties to the country. She remains Belizean.

Simone always knew she’d be a gymnast. She was homeschooled after being taken from class. Simone could train 33% extra and participate in the Olympics before starting college.

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Career Highlights of Simone Biles

Biles competed in the 2016 Summer Olympics in Rio de Janeiro, where she took home a gold medal for herself. She has won five world all-around titles throughout her career, three world balance team titles, two world vault titles, and six US national all-around titles.

simone biles net worth

Biles accumulated the most global medals, including global gold medals. She also won her 24th and 25th medals in a competition in 2019, breaking Scherbo’s record of 23 medals. The most international titles belong to Simone Biles.

She is the 10th female gymnast to win a world medal in every event, and the sixth woman to win an individual all-around title.

She was the fourth gymnast to receive the title of “Team USA Female Olympic Athlete of the Year” in 2015.

Simone Biles Net Worth

Simone Biles has an estimated net worth of $16 million as of 2022.

Her accomplishment in her field is the source of the most evident stream of cash. The norm is for nations to reward Olympic triumphs with financial incentives in order to motivate their participants.

It just so happened that Simone Biles broke records in the most recent Olympics. Each gold medal at the Olympics in Rio de Janeiro in 2016 comes with a reward of $37,500 for the winner. A silver medal is awarded for placing second in an Olympic event, and it is worth a smaller but still sizable $22,500.

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Simone Biles Properties

Biles revealed on social media in 2020 that she had bought a new house and shared a few images of it. Although images of her new home showed tile flooring and other decorations, there were few details published about it despite the fact that it was obviously large and opulent.

Despite her well-known penchant for saving money, it appears that Simone was willing to make a wise investment in real estate. Biles made the decision to sell her childhood home in Houston, Texas, back in 2017. The house, which has a total square footage of 3,711 feet, went on the market for $289,000 dollars.

Endorsements of brands by Simone Biles

Simone Biles, like many athletes, derives a sizable percentage of her money from brand endorsements. Hershey’s, Nike, and Kellogg’s are a few businesses that have reportedly sought her award-winning appeal, according to Yahoo Finance.

simone biles net worth

She just accepted a contract with the sportswear brand Athleta, abandoning Nike, which The New York Times reports have lost a number of prominent female athletes due to its unfavourable maternity leave policy. She will have Athleta support her “Gold Over America” tour.

“I think they [Athleta] speak for everything that I stand for,” Biles told The Wall Street Journal. In addition to creating her own activewear line with Athleta, their sponsorship of her tour gives her the opportunity to draw attention away from the U.S.A. Gymnastics, the organisation that has been rocked by allegations that Larry Nassar, the national team doctor, has sexually abused numerous young female gymnasts over the years, including Simone Biles.

If she has a significant Olympic victory in Tokyo in 2020, her sponsorship deals and earnings may increase.

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Who is the boyfriend of Simone Biles?

Jonathan Owens, a star in the NFL, is happy to call Simone Biles his girlfriend. In fact, he was the first to post a series of Instagram Stories on the day she won her bronze medal congratulating her on her efforts and expressing how “proud” he was of her.

Simone Biles Net Worth

Owens signed with the Arizona Cardinals in 2018, marking the beginning of his NFL career. He was released from the team after being sidelined by an injury. In 2020, he signed on with the Houston Texans.

A “celebrity dating app” called Raya is where Biles and Owens first connected in March 2020, just before the COVID-19 pandemic began. They currently share a home with their pets in Houston, Texas, despite his assertion that he didn’t know who she was.

Frequently Asked Questions

What is the age of Simone Biles?

As of 2022, Simone Biles is 25 years old.

Did Simone Biles leave the Olympics?

Fans were initially startled when Biles withdrew from the Tokyo Olympics competition, but she eventually won praise for putting her mental health and safety first.

How did Simone Biles become wealthy?

Simone Biles, like many athletes, derives a sizable percentage of her money from brand endorsements. Companies like Hershey’s, Nike, and Kellogg’s, to mention a few, have coveted her award-winning appeal.